“We’ll Support Tinubu”- Akinwumi Adesina Assures Nigerians AfDB Will Establish Entrepreneurship Investment Bank In The Country

“We’ll Support Tinubu”- Akinwumi Adesina Assures Nigerians AfDB Will Establish Entrepreneurship Investment Bank In The Country....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie Omo-Ikirodah

Akinwumi Adesina, the President of the African Development Bank (AfDB), has announced the institution’s readiness to establish an entrepreneurship investment bank in Nigeria. Adesina emphasized that this initiative aligns with President Bola Tinubu’s plans and vision for the youth in Nigeria. During his visit to President Tinubu, Adesina expressed his admiration for the President’s goals and vision for Nigeria, assuring him of the AfDB’s support in achieving these objectives. CONTINUE READING

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One of the key areas discussed was agriculture, where Adesina pledged support to the government’s vision by providing assistance for the special agro-industrial processing zone in Nigeria. The AfDB has already allocated approximately $520 million for this project and aims to expedite its implementation to yield immediate benefits for President Tinubu’s administration.

Furthermore, Adesina addressed the power sector and the President’s ambition to enhance electricity access in Nigeria. The AfDB President assured Tinubu of substantial support in this sector to aid his efforts and vision for improved power infrastructure.

Adesina also commended President Tinubu’s focus on the industrial sector, acknowledging his desire to stimulate growth and foster export-oriented industrial manufacturing. The AfDB President acknowledged the significance of this approach in boosting foreign exchange earnings for Nigeria.

Additionally, Adesina highlighted President Tinubu’s concern for the youth and his commitment to their empowerment. In response, Adesina pledged to assist in establishing a youth entrepreneurship investment bank in Nigeria. This financial institution will facilitate access to funding for young entrepreneurs, contributing to the President’s goal of creating wealth and opportunities for the youth.

The collaboration between the AfDB and President Tinubu demonstrates a shared commitment to economic development and youth empowerment in Nigeria. With the establishment of an entrepreneurship investment bank, the government and the AfDB aim to provide the necessary financial resources and support for young entrepreneurs to thrive and contribute to the country’s economic growth.

Source: Bushradiogist